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Home Business

AGOCO expects 20% rise in exports in May

byMichel Cousins
May 5, 2015
Reading Time: 1 min read
A A

By Jamal Adel.

logo_agoco

Beida, 5 May 2015:

The Arabian Gulf Oil Company (AGOCO) . . .[restrict]says that exports of crude oil are set to rise 20 percent in May – to over seven million barrels for the month, compared 5.6 million barrels in April.

AGOCO told the Libya Herald that the April figure had been much as anticipated. The plan now was that shipments via the company’s Hariga terminal in Tobruk would rise this month, providing there were no further disruptions there. In late April, two tankers were turned away from the port earlier after striking guards demanding payment of their salaries, forced the terminal to close. The strike lasted almost a week.

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There have been a number of strikes over wage payments at Hariga over the past year.

Otherwise, according to state-owned AGOCOC, production levels have remained relatively constant, despite the crisis. In April, it says, AGOCOC operated fields pumped 1.02 million barrels from the Nafoura field, the first well ever dug in Libya, and Majid field. It also pumped some 271,000 barrels to the Zawia refinery from the Al-Hamada field, its only one in the south west of the country.

AGOCO further pumped 593,662 barrels of crude to the Tobruk refinery from the Sarir and Messla fields.

 

In April, the two AGOCO refineries at Tobruk and Sarir produced 41 million litres of diesel, 2.6 million litres of petrol and  33 million litres of heavy oil [/restrict]

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